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December lean hogs settled at 56.025 cents per pound on Wednesday 11 November, up 0.225 cents, after touching a contract low of 53.175 on 6 November. Hog futures have lost about a third of their value since late July, and the pork cutout fell to its lowest level since December 2020.
US pork exports in September also fell sharply from a year earlier.
Weak domestic and export pork demand is pushing hog prices down, which lowers hog-side costs for packers while squeezing producer margins. For feed buyers, falling hog values point to reduced hog-herd incentives and softer meat-and-bone meal and feed demand from pork producers.
kalkine.com.auAditi SarkarNov 12, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
